I think regulation will be limited to the more easily definable targets such as merchants and exchanges. However, the current (and proposed) regulation is itself a stifling blow as it creates another barrier to entry for new businesses, and makes obtaining cryptocurrency more difficult.

The fundamental flaw at this point is people lack the incentive to buy crypto so they can then go out and buy something they could have already bought with the debit card in their pocket. What is the point in taking that extra step?

Regulation just means businesses are less likely to accept cryptocurrencies, and consumers have one more reason not to take that extra and "unnecessary" step of exchanging their fiat.

Due diligence is a tried and true method of avoiding these types of losses. And in this market that means digging deep.

Sadly, many of the most brilliant and loyal developers aren't on the radar because they aren't chasing profits. If you want to invest for the long haul, do better research and you can avoid these situations in the future.

The market participants are maturing and clones of clones are not reaping the rewards of the past. We're reaching the point of diminishing returns for cut and paste entries.

I think 2015 and beyond will bring much more innovation/invention into the space, as the assembly line coin mill of old gradually fades.

MtGox was only one of many variables. The price seems to have finally digested all the various news and stabilized. I would say $10 is probably not in the near future, but with bitcoin you never know. Without some major shift is sentiment, we could be trading in this range for a long time.

 

I think at this point holding any significant amount of BTC is a bad gamble. Based on the fact that bitcoin has had practically zero innovation since Satoshi vanished, it would make more sense to gamble on altcoins, which is home to daily invention and where the future of digital currency can be found.

Bitcoin is one of the most centralized currencies on the earth. Core changes are controlled by literally a handful of people.

USD and EUR is much less centralized (and much more anonymous) than bitcoin because no central authority can take money buried in your backyard, but a single update by Gavin and every bitcoin and wallet on the globe is affected.

I believe innovation will prevail over the long term. That's why bitcoin is now stagnant and why litecoin is dying.

There is a formula now of using slick marketing, slick bootstrap websites, and artificial social buzz, to elevate a coin. But I think the eventual winners will be those that find sustainable organic growth and critical mass. That will most likely come from development not from hype.

So while the marketeers, whales, and traders might find short term success pumping and dumping, the eventual bitcoin replacement will be born from invention.

I would recommend circle.com and localbitcoins.com as backups to coinbase.com.

Cryptsy knows what's best. Their algorithm has been perfected as to cause these sorts of issues when panic trading is detected.

The delay is by design to protect you from making poor trading decisions and to allow time for the adrenaline to subside.  

Make sure you have the latest binaries. The fork will be occurring in just a few of hours.

Update now >> http://www.gldcoin.com/get-started/

Satoshi was a scientist at a major power company looking for ways to artificially increase the world's power demand. The POW (POwer Waste) technology he invented earned him an early retirement along with numerous bonuses and stock options.

I thought everyone already knew that Satoshi is actually Gavin's transgender alterego.

I was trying to reply to your post and must have hit delete by mistake.  

I think at some point we all need to get real and ask the question, why would anyone use it?

My next door neighbor would like to know why he should go through the difficult process of buying bitcoins so he can then go out and buy something that he could have bought already with the debit card in his pocket. He'd like to know why he should add the extra step.

Every so often, he'll ask me if I have his answer yet.

Price stability is important. When people are trying to buy online drugs, they need to know how much BTC to buy in order to make their purchases.

The regulatory authorities have already driven a stake in any chances bitcoin had at competing with traditional fiat. Our biggest fan base now is hackers seeking ransoms, hipsters buying drugs online, and people laundering funds from stolen credit card data.

Of course there are a few hard core adopters using bitcoin for legitimate reasons, but they are on the fringes.

I think we're finally getting our house in order. Don't know about the crave part, but we'd love to have you climb aboard.

New client insider's thread: https://www.gldtalk.org/index.php?topic=3156.0

Infinitecoin redefined the word "infinite". That's special!  

I think they should be forced to work in western Asian massage parlors and perform happy endings for 30 days.

If you have any questions about the upcoming java client, Akumaburn is hosting a Q&A thread on the Goldcoin forum:

https://www.gldtalk.org/index.php?topic=3157.0

We look forward to your comments and suggestions. Thank you for your support!

Did they also talk about how bitcoin is wasting more computer power than all the other computers in the world combined? I think Satoshi would have done something by now to the POW scheme to make network workers actually do something other than play the lottery.